In a November 17th post on X, Alden wrote:

“I’ve been kind of a polite long-term Ethereum bear, but the post-election new low in ETH/BTC is even more brutal than I expected.”

Alden noted that while Trump’s administration is expected to be “open to crypto securities,” she was still taken aback by Ether’s underperformance. On November 15, the ETH/BTC ratio hit a multi-year low of 0.033, its lowest level since March 2021, despite the positive outlook following Trump’s win.

After Trump’s victory, U.S. spot Ethereum ETFs saw an influx of $751.8 million. However, some analysts are concerned that Ethereum might be “dying a slow death” against Bitcoin. On the other hand, Consensys CEO Joe Lubin remains optimistic, stating that Ethereum is poised for long-term gains post-election.

Lubin emphasized that Ethereum is finally shaking off the regulatory pressures that have been placed on it for years. He added:

“Ethereum is much bigger and more mature than all other ecosystems, except Bitcoin.”

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Lubin also speculated that Trump’s policies could help push DeFi (Decentralized Finance) into the mainstream, moving it from a niche market to a much broader audience.

Trump Administration’s Crypto Policy Potential

Experts believe that Trump’s administration could bring policies that favor DeFi, giving Ethereum an opportunity to regain strength. Marcin Kaźmierczak suggested that Trump’s policies might help transition DeFi from a niche sector into the mainstream.

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The post ETH/BTC Post-Election Drop Worse Than Expected: Lyn Alden’s Take appeared first on Coin Engineer.